Blogs
Will Ripple (XRP) and Ox (ZRX) Get Listed on Coinbase?
It is every crypto’s goal to get listed on as many crypto exchanges as possible, and Coinbase is among the top exchanges that every crypto would like to join. By getting listed on this exchange, the coins would receive a lot of benefits and would get that much more exposure. This is also a goal for Ripple (XRP) and Ox (ZRX), although their chances of getting to Coinbase are not as high as their supporters would like.
With many new coins getting adopted by various big exchanges around the world, it is not that surprising that those left out wish to join the party. This especially goes for Ripple (XRP) and Ox (ZRX), and their investors are waiting for the announcement that they are getting on Coinbase with each passing day. And yet, the announcement is not coming, possibly for several reasons.
Why Coinbase won’t accept Ripple?
Coinbase recently announced that it will adopt Ethereum Classic as one of its newest cryptocurrencies, which was a big surprise for the Ripple fans. Considering that XRP is the third largest digital currency on CoinMarketCap, Ripple enthusiasts were confused with this choice, now that Coinbase decided to open up to new cryptos.
With Ripple’s success, high rank, large community, and acceptance by banks and other financial institutions around the world, it would be easy to think that this coin meets all of the requirements needed to get listed. Still, this might not be true, and Coinbase itself said as much.
The reasons for this include various pending cases and legal issues, and the recent revelations involving bribery are also not helping this crypto. A large part of the reason why Ripple isn’t being accepted is also the fact that it is still highly centralized. Not only that, but its parent company still holds a large majority of the XRP coins (more than 80%). This is simply not acceptable for a digital currency that claims to be a real crypto.
Despite the fact that Ripple continues to argue that their token is not a security, many are still not convinced, and the decentralization of the coin that was promised has yet to arrive. Because of this, and the pending cases that were mentioned earlier, Ripple definitely still doesn’t meet the necessary requirements.
What is the issue with Ox (ZRX)?
Ox is a very different crypto than Ripple, and it allows its users to trade any ERC-20 coin via its ZRX token. The coin became popular recently, which led its enthusiasts to believe that this crypto has a shot at joining Coinbase sometime soon. Seemingly, the coin does actually meet all the necessary requirements that are needed in order for it to be adopted by this exchange.
It is decentralized, has economic freedom, and is even complying with the laws and regulations. The issue lies with the recent developments regarding Coinbase’ s platform. The exchange has announced recently that it is trying to get regulatory permission to add blockchain and crypto security assets. That way, it would be capable of offering securities based on the blockchain, with SEC overseeing the procedures.
This is why it soon might not be in need of services that Ox has to offer, which is why the coin doesn’t really have a chance. Of course, nothing is certain as of yet, and only time will tell whether any of this is actually going to transpire. However, if it does, then Ox will probably have to aim at some other exchange.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
Altcoins
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has…
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